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Strategies & Market Trends : MDA - Market Direction Analysis

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Nov 21 4:00 PM EST

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To: bobby beara who wrote (67798)	1/27/2001 3:21:30 PM
From: Boplicity	Read Replies (4) of 99985

The advance-decline line is reality [From Yahoo] rckolon (50/M) 1/26/01 4:11 pm The number of stocks up one day minus the number of stocks down that same day. Keep a running sum of the difference and plot it. stockcharts.com stockcharts.com That's the advance-decline line. When it goes up, that means stocks in general are going up. When it points down, that means stocks in general are going down. When the indexes don't agree with the advance-decline line direction, we are operating under an illusion. That happens often enough. We need to figure out what that illusion is, when these divergences occur. Right now, the reality is stocks are going up by the a-d line. See the links. So if it looks like gloom and doom is keeping stocks depressed, that must be an illusion! This illusion has been happening for about two months. I estimate that a big illusion's lifespan is about 6 months. So we'll probably keep hearing about the economy collapsing (ahem) for several more months. But the reality is STOCKS ARE GOING UP NOW. It's time to understand the photograph, not the illusion. Rich clubs.yahoo.com

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